Companies involved in an ICO generally swap their digital currencies for either bitcoin or ethereum, or fiat currencies, and use the proceeds to fund the development of blockchain-related projects. Photo: Alamy Stock Photo Companies involved in an ICO generally swap their digital currencies for either bitcoin or ethereum, or fiat currencies, and use the proceeds to fund the development of blockchain-related projects. Photo: Alamy Stock Photo
Companies involved in an ICO generally swap their digital currencies for either bitcoin or ethereum, or fiat currencies, and use the proceeds to fund the development of blockchain-related projects. Photo: Alamy Stock Photo
Blockchain
Business

Xunlei chief is confident that ban on ICOs can rebuild blockchain’s reputation

Chen Lei insists issue of US-listed, cloud-based content network operator’s own digital token is not an ICO

Topic |   Blockchain
Georgina Lee
Georgina Lee

Updated: 3:32pm, 11 Apr, 2018

Why you can trust SCMP
Companies involved in an ICO generally swap their digital currencies for either bitcoin or ethereum, or fiat currencies, and use the proceeds to fund the development of blockchain-related projects. Photo: Alamy Stock Photo Companies involved in an ICO generally swap their digital currencies for either bitcoin or ethereum, or fiat currencies, and use the proceeds to fund the development of blockchain-related projects. Photo: Alamy Stock Photo
Companies involved in an ICO generally swap their digital currencies for either bitcoin or ethereum, or fiat currencies, and use the proceeds to fund the development of blockchain-related projects. Photo: Alamy Stock Photo
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